Arizona Sonoran Receives its Mined Land Reclamation Permit
03 April 2023 - 8:30PM
Business Wire
Arizona Sonoran Copper Company Inc. (TSX:ASCU |
OTCQX:ASCUF) (“ASCU” or the “Company”) today announces the
receipt of the Mined Land Reclamation Permit (“MLRP”) from the
Arizona State Mine Inspector’s Office for the Cactus Mine Project
following the Company’s application in December of 2022. The MLRP
is the primary financial assurance document requiring the operator
to bond for the full reclamation of the property after mining
operations have concluded.
Travis Snider, ASCU VP Sustainability and External Relations
commented, “We received notification of the permit being
administratively accepted in December. We are thrilled to have
received the MLRP within three and a half months. This is a
reflection of the accountability and professionalism at the Arizona
State Mine Inspector’s Office. Along with the other state and
county agencies, these timely approvals continue to give us the
confidence about our efforts to redevelop the Sacaton Mine into the
Cactus Project. All of these agencies have been instrumental in our
success.”
The MLRP is a state-level permitting process that governs mine
sites and ensures measures will be taken to achieve stability and
safety, consistent with post-mining land use objectives specified
in the reclamation plan. Changes to site operations plans, such as
those defined in the operation’s Prefeasibility Study may require
an amendment to the MLRP.
Current major permits in hand include:
- Aquifer Protection Permit and Stormwater Pollutant Prevention
Permit issued by the Arizona Department of Environmental
Quality;
- Entitled Water Rights administered by the Arizona Department of
Water Resources;
- Dust Control permitting issued by the Pinal County Air Quality
Department; and
- General Planning & Zoning Amendment approvals by the City
of Casa Grande.
The Industrial Air Permit, currently under review by the Pinal
County Air Quality Department, is the sole remaining major permit
ahead of additional construction and development permits needed to
execute for the Cactus Project.
Neither the TSX nor the regulating authority has approved or
disproved the information contained in this press release.
About Arizona Sonoran Copper Company (www.arizonasonoran.com |
www.cactusmine.com) ASCU’s objective is to become a mid-tier copper
producer with low operating costs and to develop the Cactus and
Parks/Salyer Projects that could generate robust returns for
investors and provide a long term sustainable and responsible
operation for the community and all stakeholders. The Company's
principal asset is a 100% interest in the Cactus Project (former
ASARCO, Sacaton mine) which is situated on private land in an
infrastructure-rich area of Arizona. Contiguous to the Cactus
Project is the Company’s 100%-owned Parks/Salyer deposit that could
allow for a phased expansion of the Cactus Mine once it becomes a
producing asset. The Company is led by an executive management team
and Board which have a long-standing track record of successful
project delivery in North America complemented by global capital
markets expertise.
Forward-Looking Statements Forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
ASCU to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Factors that could affect the outcome
include, among others: future prices and the supply of metals; the
results of drilling; inability to raise the money necessary to
incur the expenditures required to retain and advance the
properties; environmental liabilities (known and unknown); general
business, economic, competitive, political and social
uncertainties; results of exploration programs; accidents, labour
disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; or delays in obtaining
governmental approvals, projected cash operating costs, failure to
obtain regulatory or shareholder approvals.
Although ASCU has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. Forward-looking
statements contained herein are made as of the date of this news
release and ASCU disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230403005295/en/
For more information Alison Dwoskin, Director, Investor
Relations 647-233-4348 adwoskin@arizonasonoran.com
Adam Hawkins, Local Media and Government Relations 520-689-5022
ahawkins@globalexternal.com
George Ogilvie, President, CEO and Director 416-723-0458
gogilvie@arizonasonoran.com
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